• A nice (further) advance in the stock market last week, but the “internals” were not very good on Friday (at all).  So, when you combine this…with the escalation of the situation in the Middle East…and the Fed’s less dovish stance…we could/should be due for at least some sort of “breather” quite soon.
  • WTI crude oil is testing its 200-week moving average again.  This has been an extremely good support level for WTI over the past eleven months…and we think it will provide very strong support once again given today’s circumstances.  However, we will need to monitor this commodity very closing over the coming days/weeks.
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